Wednesday, August 02, 2006

White Collar Wonderland Part II

Part I was about the inability to prosecute any big shot for committing a white collar crime and this was confirmed by Monday’s stunning court decision that undoes months of Goldenberg hearings.

- There’s an on-going Goldenberg trial in the high court, and the details are so complex, that it is hard to imagine how the judge is able to keep track of the proceedings. - More ministers behaving badly and probably unworried about the consequences. - Kamlesh Pattni appears to have mastered the art of stalling court processes.

The Kenyan Minister of Defence, Njenga Karume , who is already a rich man, became 200 million shillings ($2.7 million) richer this month by selling 960 acres of land that he owned in Nakuru to the government.

HOW COULD HE???and more important, HOW WAS HE ALLOWED BY THE SAME GOVT that is doing away with corruption???

what exactly do KACC and all those others do to justify their $$$$$$$?

Salute Banks for the good job, yesterday I happened to here something about Scangroup IPO on radio but not clearly. There was nothing on evening biz news. 20%oversubscription means 80% allotment. Now I think the first round is won for most investors. Round two is whether the shares will hit the targeted price in the first few days.

the problem with this cases goldenberg,and anglo leasing etc is they were handled politically and with emotions - legally alot of this corruption cases will fail.i think the govt hsould have negotiated with the protagonists for restitution and pursued other angles like tax evation. with caveat that they without a settlement they would make life difficult for this individuals and their businesses.

on a separate case i think the most important issue outof the judgement was the assertion of the the third branch of government - the judiciary. the legislature and executive cannot fail to do their job and expect the judiciary to cleanup their mess.

@Anonymous. The govt ought to have questioned how he came to own all that land in the first place, plus check the records on whether he has been paying the land tax.But this is Kenya, some people are above the law.